Property Blog
  • Real estate crowdfunding is a viable option for property development in Southeast Asia, but there are many limitations and rules that need to be mindful of. (Getty Images)Real estate crowdfunding is a viable option for property development in Southeast Asia, but there are many limitations and rules that need to be mindful of. (Getty Images)

    By Getty Goh & Dr Seh Huan Kiat

    To begin, I would like you to visualise a scenario. Somewhere in South East Asia, there is an aspiring property developer. Let us just call him Bishwas. Bishwas just found the perfect piece of land to build a small backpacker inn. Having worked as a construction project manager, he had been involved in similar real estate projects and has the necessary knowledge to realise the development.

    Bishwas has also done a financial feasibility study and all indications show that he will make good returns from this project. Apart from monetary incentives, he believes that his backpacker inn will be able to benefit his community by offering direct employment opportunities for the builders as well as for staff who he will hire to help maintain the inn. There could even be a spillover effect brought about by the project as small businesses, ranging from makeshift food stalls to rudimentary tourist services, could spring up to support the development and the

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  • Boat Quay in the evening. 2014 could be a turbulent year for stakeholders of the Singapore private property market

    Mr Getty Goh has a Masters in Real Estate and a Bachelors in Building from the National University of Singapore. He is a director at Ascendant Assets and the Co-founder of CoAssets.com, South East Asia’s first crowd funding and purchase website. The views expressed are his own. For those who wish to know more, please email him at Admin@CoAssets.com.

    Based on the latest URA private property price index (PPPI) flash estimates, we know that the PPPI, which represents the overall real estate price trend, has dipped in 2013Q4. This is the first dip the market has seen in the last 2 years.

    At present, there are numerous views that the real estate market will stay stagnant for some time. I agree and here are 4 reasons why we think 2014, and maybe even 2015, could be a turbulent year for stakeholders of the Singapore property market.

    Reason 1: More new properties are going to flood the market

    By now, we already know that there will be a large number of private properties being completed in the

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  • Mr Getty Goh has a Masters in Real Estate and a Bachelors in Building from the National University of Singapore. He is a director at Ascendant Assets and the Co-founder of CoAssets.com, South East Asia’s first crowd funding and purchase website. The views expressed are his own. For those who wish to know more, please email him at Admin@CoAssets.com.

    After a long wait, the Singapore draft Master Plan 2013 has finally been released. The master plan is reviewed every 5 years and it is a guide of how the Singapore build environment will be like from now till 2018.

    Through the change of zoning or land use intensity, a region that used to be undeveloped could be the next boomtown. Naturally, many property stakeholders (developers and property punters alike) are very eager to study the latest master plan, as it will give an indication of the upcoming plans that the government has.

    To help investors make sense of this document, these are 3 key takeaways of how the latest master plan would

    Read More »from 3 key takeaways from Singapore Draft Master Plan 2013 – where could the next hot spots be?
  • Secret staircases, hidden doors and an unwelcome guest in the walls.

    A 15-year-old has posted a series of photos online showing a haunting discovery in his house, the likes of which you would only expect to see in a horror film.

    A user of the photo sharing website Imgur, identified only with the username TwoBiteBrownie, began the spooky post with a photo of a bookshelf that appears to be installed into the wall of a bedroom. In the next photo, however, the bookshelf is swung open, like a secret entrance in a manor from a Gothic novel, to reveal a staircase.

    TwoBiteBrownie wrote that he descended the stairs with his little brother. Here's what happened next:

    At the bottom, the stairs led into a wall. Seemingly pointless, right? Nope. This crawlspace was about halfway down. It looked empty, but if you crawled in...

    What they found when they crawled in, according to the poster, was a hideout with sheets, some of the 15-year-old's recently acquired Halloween candy and — for an added note of

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  • The all-monies mortgage: Interest rate hikes are not the only risk

    By guest contributor Natasha Goh

    If you own private property in Singapore, it’s highly likely that you took up a mortgage loan when you first purchased it. Given the widespread use of mortgage loans here, I find it rather alarming that the vast majority of people who have taken up mortgages in the past are unclear on even the basic terminology used in mortgage loans.

    A common mistake laypersons make is using the terms “mortgagor” and “borrower” interchangeably. In simple situations, where for example a home is bought by a single person and the loan is similarly taken in single name, the borrower and mortgagor would indeed be the same person. However, the term “mortgagor” specifically relates to an owner of the property that is being mortgaged, whereas “borrower” refers to any parties that are contracting with the lender bank (the mortgagee) to pay back the mortgage loan granted. By necessity, all owners of a mortgaged property are required to contract as borrowers, thus all mortgagors

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  • A new era in governance in Iskandar Malaysia

    By Khalil Adis

    The recently concluded Malaysian general election was one that was closely watched and had both Malaysians and Singaporean on the edge of their seats.

    With a more savvy generation emboldened by social media and a strong desire for change, the 13th general election saw opposition parties fighting tooth and nail alongside the ruling Barisan Nasional (BN) party as Malaysians far and wide call for a more transparent government

    Even states with a strong base of UMNO supporters like Johor witnessed the opposition gaining ground with the fall of Chief Minister Abdul Ghani Othman’s seat in Gelang Patah to the Democratic Action Party’s (DAP) Lim Kit Siang.

    DAP’s win in Gelang Patah, the closest constituency to Nusajaya, Iskandar Malaysia, perhaps echoes Johoreans sentiments that they feel increasingly alienated by this special economic zone.

    Gelang Patah has a huge Chinese community that helped the DAP win votes.

    Mooted in 2005 by former Prime Minister Abdullah Badawi, Nusajaya

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  • Singapore luxury property: A dormant market worth exploring

    By guest contributor Natasha Goh

    With personal income tax capped at a modest 20% and no capital-gains tax, it’s unsurprising that Singapore has become a magnet for wealth around the region. In a recent survey of 1,000 mobile millionaires, Singapore was deemed the most desirable place to call home in Asia – billionaires Richard Chandler and Eduardo Saverin are amongst the notable individuals who have chosen Singapore as their home-away-from-home.

    According to Boston Consulting Group’s 2012 Global Wealth Report, Singapore has the world’s highest density of millionaire households at 17.1% or 188,000 households. At the same time, its popularity as an offshore banking hub is also growing in leaps and bounds, with wealth under management set to overtake Switzerland by 2020. Switzerland currently manages some $2.8trillion in assets, whereas Singapore has seen assets under management grow from just $50billion in 2000, to $550billion by end-2011.

    It is somewhat counter-intuitive then that

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  • Which is the most popular condominium in Singapore?

    By Getty Goh

    Singaporean consumers have voted.

    In the inaugural People’s Choice Awards (PCA) organized by iProperty.com, iProperty.com users were asked to vote for their favourite condominium. All in, there were 9 different award categories, each with a swanky title, such as “Supersize Me Award – Best Condominium for Families”, “Swinging Single Party Pad Award – Condominium that is best for Singles”, etc. After 1 month of voting, eCO by Far East Organisation came out tops as the development with the most votes.

    Mr Sean Tan, General Manager of iProperty.com said, “We organised the People's Choice Awards to gain more insight into condominium buyers' preferences. From our recent Consumer Sentiments Survey, we learnt that location, price and security are the fundamentals of property selection in Singapore. However, we wanted to probe further, and find out if there are other underlying pull factors independent of these conventional categories. Voters could vote for whichever properties they

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  • Record setting property prices in Singapore

    By Getty Goh for Ascendant Assets Pte Ltd

    On 10 Apr 2013, news came out that Wing Tai Holdings Chairman Cheng Wai Keung was offering to sell his 85,000 sq ft (7900sq m) bungalow for as much as S$300million. It was reported that if that deal went through, it would set the record as the most expensive Singapore residential property ever sold.

    Naturally, this made us wonder how many of such outrageously priced transactions were there. My team also thought that it would be interesting to find out what the record-breaking prices for non-landed properties were as well. After a quick search, our findings are as follows…

    The most expensive landed property transaction goes to…

    Based on the transaction data from URA, we found that since 1995, as many as 999 detached landed properties were sold for more than $10,000,000. However, the top 5 most expensive landed property transactions that crossed hands are shown in Figure 1.

    Figure 1: Most expensive landed properties transactions

    Fig A1

    Source: URA and

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  • By Natasha Goh for Ascendant Assets Pte Ltd

    The name “Iskandar” is on the tip of everyone’s tongue these days, and it is impossible to perform one's duty as a property consultant in Singapore without at least rudimentary knowledge of neighbouring Malaysia’s rapidly developing special economic zone.

    Thrice the size of Singapore, Iskandar is set to be a modern metropolis buzzing with economic activity, a conglomeration of various exciting growth sectors, including nine key economic clusters: financial advisory and consulting, creative industries, logistics, leisure and tourism, education, health care, electrical and electronics, petrochemical and oleo-chemical, food and agro-processing. What really piqued my interest was the chief executive of Iskandar, Ismail Ibrahim’s clearly articulated intent to make Iskandar Malaysia “a place to invest, work, live and play.”

    The success of Iskandar will ultimately pivot on this – whether they are able to successfully integrate the four vital

    Read More »from Iskandar Malaysia: An Exciting Frontier, But Tread Carefully

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